2000-01 - 05 Budget
| Activities | Adopted Budgets | Projections | |||||
| CURRENT OPERATIONS | 2000-2001 | 2001-2002 | 2002-2003 | 2003-2004 | 2004-2005 | Comments | |
| Contract negotiations | $ - | $ (7,941,639) | $ (13,313,487) | $ (18,764,048) | Labor wage increases are estimated at +3%/2%/2% based on 65% of operations | ||
| Clinton Square operations | $ (200,000) | $ (200,000) | $ (200,000) | $ (200,000) | An operating budget was prepared by the Mayor's office | ||
| CSO Proj benefit (75M/yr @ .2% factor) | . | $ 150,000 | $ 150,000 | $ 150,000 | The Combined Sewer Overflow (CSO) project will generate indirect local revenue | ||
| Carousel Mall conversion | |||||||
| Permits | $ 2,000,000 | $ 4,000,000 | $ 1,000,000 | $ 500,000 | Permit fees are net of operating expense and will continue due to tenant turnover | ||
| Sales Tax revenue(70/30 CSD/City) | $ 2,600,000 | $ 4,800,000 | $ 5,000,000 | Sales tax estimates were furnished by Economic Research Assoc.(ERA) | |||
| State Aid: | |||||||
| State Aid in "supplemental budget" | $ 8,000,000 | - | - | - | This state aid is a One-time non-recurring revenue item. | ||
| Add'l State Aid over Base Year 2002 | - | $ 8,801,883 | $ 14,523,107 | $ 20,387,362 | State aid is calculated at increases of 4%/2.5%/2.5% over the base year 2002. | ||
| Net impact of variables | $ 9,800,000 | $ 7,410,244 | $ 6,959,620 | $ 7,073,314 | This is the net effect of actions which (increase)decrease the Structural Deficit. | ||
| Surplus (Gap to be Closed) | $ - | $ (3,700,000) | $ (10,836,771) | $ (14,395,591) | $ (16,086,981) | Minch Lewis' initiatives to close the gap are shown on the next page. | |
| FY01 | 220,837,036 | ||||||
| FY00 | 208,512,000 | ||||||
| 12,325,036 | |||||||
| % increase | 6% | ||||||
| State Aid/Prop tax source: O/S 7/31/01 p11 | |||||||
Revenues Appropriations Deficit Surplus Minch Lewis' Initiatives
Last Updated on 8/10/01
By Cara L. Lewis